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New York reaches settlement with Lyft, Uber

New York reaches settlement with Lyft, Uber

by Theophilus Alexander | Nov 7, 2023 | Featured, General News

New York Attorney General Letitia James unveiled two historic settlements valued at a combined $328 million with ride-sharing conglomerates Lyft and Uber on Nov. 1, 2023. These settlements mark the conclusion of extensive investigations into both companies, revealing...

Warranties vs. insurance: what’s the difference?

Warranties vs. insurance: what’s the difference?

by Matt McDonough | Nov 3, 2023 | Consumer-focused, Featured

Upon buying a new piece of technology—new phone, new TV, new game console—often the salesperson will ask you if you would like to purchase an extended warranty with it. Warranties and insurance may seem similar on the surface, but in fact they have more than a few...

PIA Market Trends Survey: Rising premium rates, other factors indicative of a hard market

PIA Market Trends Survey: Rising premium rates, other factors indicative of a hard market

by Matt McDonough | Nov 1, 2023 | Association, Featured, General News

Professional insurance agents may be aware that the insurance industry is amid a hard market. This means you also may have noticed that your insureds’ premiums have risen, and insurance coverage is more restricted, among other changes. PIA Northeast conducted a survey...

Smash, grab and go: Insurance implications on surging retail theft

Smash, grab and go: Insurance implications on surging retail theft

by Theophilus Alexander | Oct 26, 2023 | Featured, General News

As the rise in retail theft continues to plague businesses nationwide, the impact on the retail landscape is clear. The COVID-19 pandemic has created a unique set of circumstances that have contributed to the surge in retail thefts—affecting both large and small...

This Halloween, don’t get scared: get coverage!

This Halloween, don’t get scared: get coverage!

by Matt McDonough | Oct 10, 2023 | Consumer-focused, Featured

Halloween is almost here, and with it, everything that makes the holiday so special. There’s the chilly fall air, and it seems as though there’s the grinning jack-o-lanterns posted at every door. Elaborate decorations and haunted houses are a fixture of Hallows’ Eve,...

2FA, user security and you: Staying safe on X

2FA, user security and you: Staying safe on X

by Matt McDonough | Oct 6, 2023 | Featured, General News

According to Statista, a data gathering platform, X, formerly known as Twitter, has some 556 million monthly active users. Whether you’re an independent agent or the head of an agency, having a presence on a platform with more than half a billion active users is...

President announces executive action on AI

President announces executive action on AI

by Matt McDonough | Oct 3, 2023 | Featured, General News

At the Fairmont San Francisco Hotel in San Francisco, President Joe Biden made remarks about technological development in the United States before he met with the President’s Council of Advisors on Science and Technology on Sept. 27. His remarks focused primarily on...

CID bulletin: Carriers’ responsibilities when they discontinue, reduce line of business

CID bulletin: Carriers’ responsibilities when they discontinue, reduce line of business

by Theophilus Alexander | Sep 28, 2023 | Featured, General News

In the insurance industry, rules, laws and regulations play a vital role in ensuring fairness and transparency. For insurance companies operating in Connecticut’s admitted and nonadmitted marketplaces, staying compliant with the law is not only a legal obligation, but...

Will the government reclassify marijuana?

Will the government reclassify marijuana?

by Theophilus Alexander | Sep 26, 2023 | Advocacy, Featured

On Aug. 30, 2023, Secretary of U.S. Department of Health and Human Services, Xavier Becerra authored a letter to the Drug Enforcement Administration recommending that marijuana be reclassified from a Schedule I to Schedule III drug under the Controlled Substances Act....

N.Y.: Call to action: Insurance agents assemble

N.Y.: Call to action: Insurance agents assemble

by Bradford J. Lachut, Esq. | Sep 26, 2023 | Advocacy, Featured

The 2023 New York legislative session was a successful one for independent insurance agents. In 2023, PIANY saw not one, but two, of the association’s top priorities pass the Legislature! The advocacy of insurance agents, like yourself, has been critical in getting...

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